510 Main Ave Bismarck, ND 58501
- Retail space
- 29,064 SF
- 0.22 lot acres
Current Use by Public Records
- India clay oven bar and grill / Restaurant
- Red Eye Casino / Bar & Pub
- Greater North Dakota Chamber / Business Service Center / Advocacy Group
- Beauty Renew LLC / Hair Salon / Nail Salon
- LÜFT Rooftop Bar / Bar & Pub
Property Details for 510 Main Ave
- Year built
- 2012
- Lot size
- 0.22 lot acres
- Property size
- 29,064 SF
- Zone code
- DC
- Property type
- Retail space
- APN
- 0001-046-015
- APU
- 1046015
Description
This exceptional four-story building, constructed in 2012, offers 29,064 square feet of versatile office and retail space in the vibrant Downtown Bismarck submarket. Located at 510 E Main Avenue, Bismarck, ND 58501, this property boasts a coveted location within the Gulch Block, benefiting from excellent visibility and accessibility. The building's zoning is DC - Downtown Core, reflecting its prime position in the city center. The space is available for multiple tenants, providing flexibility for various business needs. Modern amenities include a single elevator for convenient access to all four floors. The building's architectural style caters to both creative office and traditional office users, making it an ideal choice for a diverse range of businesses. Its location in the heart of Downtown Bismarck ensures high foot traffic and proximity to numerous amenities, including restaurants, shops, and other businesses. This unique property presents a rare opportunity to establish a presence in one of Bismarck's most desirable commercial areas. The building's 2012 construction ensures modern infrastructure and efficient layouts, ready to accommodate a variety of business operations. Its central location and versatile space make it an attractive option for businesses seeking a prominent and functional location in the heart of Bismarck's thriving downtown. The building's design and location combine to create a highly desirable and productive work environment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,260,000
- 6.5%
- $5,780,000
- 7%
- $5,365,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,013,000
- AI Estimate
- $3,124,000
Market price range: $3.29M - $5.56MMarket price range: $1.31M - $4.22M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,270,000 Current use
- COMMERCIAL (GENERAL)
- $4,325,000 Change: +1% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $4,000,000 Change: -6% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.784
- Latitude
- 46.8057
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA